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Daily Wages Formula:
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The daily wages calculation is used to determine an employee's daily pay based on their monthly salary in Malaysia. The standard calculation divides the monthly salary by 26 working days.
The calculator uses the standard formula:
Where:
Explanation: This calculation is based on the common practice in Malaysia where monthly salaries are divided by 26 working days to determine daily wages for various purposes including overtime calculations, unpaid leave deductions, and daily rate payments.
Details: Accurate daily wage calculation is crucial for payroll processing, overtime payment calculations, leave encashment, and determining compensation for partial month work in Malaysia.
Tips: Enter the monthly salary in MYR. The value must be greater than 0. The calculator will automatically compute the daily wage based on 26 working days.
Q1: Why divide by 26 days?
A: In Malaysia, the standard calculation uses 26 working days (5-day work week) as the basis for daily wage calculation.
Q2: Is this calculation applicable to all employees?
A: This is the standard method, but some companies may use different calculations based on their specific employment contracts or policies.
Q3: Does this include rest days and public holidays?
A: No, this calculation is specifically for working days. Rest days and public holidays are typically not included in the 26-day calculation.
Q4: How is overtime calculated using daily wages?
A: Overtime rates are typically calculated as multiples (1.5x, 2x, 3x) of the hourly rate derived from the daily wage divided by normal working hours per day.
Q5: Is this calculation used for part-time workers?
A: Part-time workers may have different calculation methods depending on their employment terms. This calculator is primarily for full-time monthly salaried employees.